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September 29 2025 | by Coldwell Banker SMART
Welcome to Part Two of our Guide to Buying in San Miguel de Allende. If you missed Part One, be sure to read it first — it covers the essential groundwork for anyone considering investing in this extraordinary city. This next chapter takes you further, offering insights to help turn your vision into reality.
San Miguel de Allende has long captivated travelers and expatriates alike with its cobblestone streets, colonial architecture, thriving arts scene, and vibrant cultural life. But beyond being a UNESCO World Heritage site and one of the most celebrated travel destinations in the world, San Miguel has also emerged as a premier location for international real estate investment.
One of the most common concerns foreign nationals have when considering property ownership in Mexico is whether they can hold a title in their own name. The answer in San Miguel de Allende is a resounding Yes—and that’s part of what makes this city such an attractive and secure choice for international buyers.
Understanding Mexico’s Restricted Zones
Mexican law places certain limitations on foreign ownership of real estate in what are called “restricted zones.” These areas are defined as:
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100 kilometers (62 miles) from any international border
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50 kilometers (31 miles) from any coastline
In these regions, foreigners must purchase property through a bank trust (fideicomiso) or via a Mexican corporation. While perfectly legal, this process involves additional steps, costs, and annual maintenance.
Why Buying in San Miguel de Allende Is Different
San Miguel de Allende is located in the country’s heartland, far from both borders and coastlines. This distinction removes the requirement for a trust, allowing foreign nationals to purchase real estate here under a direct deed—just like a Mexican citizen. For a deeper look into how to purchase property being a foreigner in Mexico, we invite you to read our post written by Jim Dobson-Kelley, one of our most experienced agents.
That means:
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Full ownership rights in your own name
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No need for a fideicomiso (equivalent to a trust) or additional banking arrangements
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Simplified transactions with fewer costs and less paperwork
This makes San Miguel de Allende one of the most accessible and straightforward real estate markets in Mexico for international buyers.
Legal Protections for Foreign Buyers
Foreign nationals who purchase property in San Miguel de Allende benefit from the same legal protections as Mexican citizens. Titles are registered with the Public Registry of Property, and notaries (who in Mexico function as highly specialized attorneys) oversee every transaction to ensure its legality and transparency. This provides peace of mind and confidence to buyers who may be purchasing property abroad for the first time.
A Market That Blends Lifestyle and Investment
While the legal framework makes buying property in San Miguel de Allende easier, what truly sets this market apart is the lifestyle it offers. The city boasts a cosmopolitan community, world-class dining, international schools, thriving cultural festivals, and year-round temperate weather.
For investors, San Miguel also presents strong opportunities:
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High rental demand driven by tourism and long-term expatriates
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Steady appreciation in property values due to limited historic inventory
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Global recognition as one of the top cities to live and retire
As more foreign nationals discover the ease of property ownership here, San Miguel de Allende continues to attract buyers looking for a secure investment in a city that offers both charm and profitability. Whether you are seeking a luxury villa, a colonial gem in Centro, or land to develop your dream home, San Miguel presents a rare combination: legal clarity, investment potential, and unmatched lifestyle.
Whether your dream property lies in the cobblestone streets of San Miguel de Allende or along Mexico’s stunning coastlines, Coldwell Banker Mexico offers an exceptional collection of homes across the country. Explore our nationwide listings and discover the possibilities waiting for you.
Stay tuned for Part Three of our Guide to Buying in San Miguel de Allende, where we’ll delve deeper into the purchasing process and share insights to help you navigate each step with confidence.